Rough Notes: Feb 12, 2026
A digest of recent Rough Notes
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Paul Kedrosky
Page 13 of 54
Rough Notes, Feb 10, 2026: PIK, AI Debt, Regime Changes, etc.
A digest of recent Rough Notes
4 min read
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Rough Notes II, Feb 9, 2026: AlphaDebt, Decoupled Electricity, H100 Rentals, etc.
2 min read
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Rough Notes, Feb 9, 2026: Meta's Avocado, Confused Progress Arguments, AI and the Brain, etc.
A digest of recent Rough Notes from the site
4 min read
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Rough Notes, Feb 7, 2026: AI and Natural Gas, Agentic Limits, Apple Freeriding, etc.
A digest of recent Rough Notes
3 min read
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Rough Notes, Feb 6, 2026: I'm Wrong, Clawbot Malware Vector, etc.
A digest of recent Rough Notes
3 min read
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Chart of the Day: AI Capex, From Bonanza to Burden
The AI capex spending multiple has collapsed and gone negative
1 min read
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Chart of the Day: The Crypto Complex Sheds $2 Trillion
The ongoing crypto complex crash has consequences. As of late this afternoon, the group has shed $2-trillion in market capitalization since its October peak. To put that massive number
1 min read
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Rough Notes II, Feb 4, 2026: AI Fraud, Neocloud TAM, Texas Killing Data Centers, etc.
A brief digest of recent Rough Notes
3 min read
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Chart of the Day: The SaaSpocalypse Started Years Ago
While the SaaSpocalypse is getting endless attention, the re-rating started in 2022
2 min read
Rough Notes, Feb 4, 2026: OpenAI as Liability, China HNW & AI, etc.
A digest of recent Rough Notes on the site.
3 min read
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Rough Notes II—Feb 4, 2026: Blue Owl, Huang, etc.
End of day Rough Notes from the site
3 min read
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